You may also be eligible for a 2006 transitional rebate or a 2008 transitional rebate (or both!), depending on when your house was officially purchased. Your purchase is only eligible if you paid 6%-7% GST or 14%-15% HST on the purchase. See GST/HST transitional rebates for assistance.
Note: the house in question does not necessarily have to be your primary place of residence to be eligible for the transitional rebate.
2008 rate reduction transitional rebate
There is a particular timeframe in which your home would be eligible for the 2008 rebate. If you and a builder executed a purchase and sale agreement for a new or remodeled house between (or on) May 3, 2006 and October 30, 2007, you might be able to claim the 2008 transitional rebate. However, both ownership and possession must have been given to you after December 31, 2007.
2006 and 2008 rate reduction transitional rebates
There is a scenario in which you can claim two transitional rebates. If you and a builder exectued a purchase and sale agreement for a new or remodeled house by May 2, 2006, you can claim both the 2006 and 2008 rate reduction transitional rebates. However, you must have had both possession and ownership of the place of residence after December 31, 2007.
2006 rate reduction transitional rebate
You may have eligibility for the 2006 transitional rebate if you and a builder executed a purchase and sale agreement for a new or remodeled place of residence before May 3, 2006. However, you must have both owned and possessed the house after June 30, 2006 and before January 1, 2008.
The reduction in the rate of GST/HST in 2006 and 2008 affects these rebates. Calculations for one or both rebates will adjust for these changes. You may still be eligible for these transitional rebates even if you aren’t eligible for the new housing rebate.
Newly bought secondary places of residence in Canada, such as a cottage or an investment property, might also be eligible for this rebate.
If you built your own home, you are not eligible for this rebate.